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Oct 02

TECHNICAL ANALYSIS BY NSFX 02.10.2013

By:admin

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After printing new highs in yesterday's trading session, short term overbought oscillators kept markets on the offer. The daily candle shows that offers kicked in around pivot resistance and the long upper shadow shows that markets currently not are betting on a higher rate. We expect some consolidation and will keep an eye on the weekly key level at 1.3507 (50% Fibo in 2009-2010 wave).

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